Economics 472: Introduction to Econometrics

Professor Justin Tobias

Office: 367 Heady

Office Hours: Tues/ Thurs 10:00-12:00

e-mail: tobiasj@iastate.edu

Teaching Assistant: Chih-Chen Liu

Office: Curtiss B13

Office Hours: Monday/Wednesday 11:00-12:00

e-mail: chuhchen@iastate.edu

Announcements and Useful Files:

Syllabus

Link to Textbook Homepage

Problem Set #10 Solutions Posted

Final Exam: Wed, May 4, 7:30-9:30

Final Problem Set Due 5/4/05 (at final exam)

Outline For Lab Discussion

 

 

Course Outline:

Material Covered Before 1st Exam:

Stock and Watson: Chapters 1 and 2, 3.1, Chapter 4 (Sections 4.5 and 4.6 are excluded).

Useful (hopefully?) Powerpoint Files:

1. Stock and Watson, Exercise 2.3 (Worked)
2. Down's Syndrome Example

Examples Related to Sampling Distributions, Bias and Consistency:

1. Example: Sampling Distributions of Sample Average
2. Example: Law of Large Numbers and Central Limit Theorem
3. A Tale of Two Estimators: Bias and Consistency

A Regression Primer

Regression Basics: Baseball Example

Material Covered Before 2nd Exam:

• Hypothesis Testing in Simple Regression Model (Stock & Watson 4.5,4.6)
  • Confidence interval applet #1
  • Confidence Interval Applet #2
  • Powerpoint Presentation of Confidence Intervals and Hypothesis Testing

1. Omitted Variables and Multiple Regression (Chapter 5)
   1. Population Mutiple Regression Function
   2. Estimation
   3. Hypothesis Testing (involving single and multiple coefficients
2. Nonlinear Regression Functions (Chapter 6)
   1. Polynomials
   2. Logarithmic Transformations and interpretation of regression coefficients
   3. Interactions
3. Assessing Regression Studies: Internal and External Validity (Chapter 7).

   REGRESSION EXAMPLE used to review for exam #2 (Pop Quiz Data)

Material Covered Before Final Exam:

1. Panel Data (Chapter 8)
2. Binary Choice Models (Chapter 9)
   1. Linear Probability Model
   2. Probit and Logit Models
3. Mean Independence Violation: Endogeneity, Simultaneity (Chapter 10)
4. Experiments and Quasi-Experiments (Chapter 11)

Data Sets

CALIFORNIA TEST SCORE DATA

• README FILE (Description of Data)
• Data Set in .txt format

BASEBALL DATA

• Baseball Data

UNEMPLOYMENT DATA

• Unemployment Data

PRODUCTION FUNCTION DATA

• Output, Labor and Capital Data (Problem Set #7)

WAGE DATA

• Wage, Education and Ability Data (Problem Set#7)

PANEL BASEBALL DATA (Problem Set #8)

• Panel Baseball Data

COLLEGE DATA (Problem Set #9)

• collegedata

Problem Sets and Solutions